News and notifications
News and information about our funds and market commentaries.
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Financial markets and the economy in 2023
– In 2023, all eyes were on monetary policy. It turned out to be a wonderful illustration of short-term noise.
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Swing pricing
Pareto Asset Management AS has established procedures for swing pricing in accordance with the prospectus, to further improve protection of long-term unit holders, and shield existing holders from bearing trading related costs associated with the subscription and redemption of units.
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Pareto Investor Conference 2024
18 - 19 April Pareto Asset Management hosted the Pareto Investor Conference 2024. We were grateful and humble to welcome more than 70 guests from Sweden, Norway, Germany, Finland, Switzerland and France for a two-day event in Stockholm.
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Of wolves and inconsistencies
Financial markets in March were of the rosy kind. The MSCI World Index rose by 3.4%, bringing this year’s appreciation into double-digit territory. It’s being accompanied there by both the S&P 500 and the MSCI Nordic countries index, with the Euro STOXX 50 leading the pack at 12.9% after the first quarter of 2024.
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Annual report 2023
Annual report for our Norwegian-registered funds with information on the management company and other financial products.
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Adjusted expectations
Interest rates rose again in February, at both ends of the yield curve. This obviously reflects a realisation that key policy rates won’t be cut as fast or as much as many seemed to believe just a few months ago. Much of the decline from the last months of 2023 is thus wiped out.
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EuroHedge award win for Pareto Total: Best global equity hedge fund
At the EuroHedge Awards 2023, held in London on February 29, Pareto Total was honored with the award for Best Global Equity hedge fund. The award was announced at a black-tie dinner at the JW Marriott Grosvenor House, with an audience of more than 400 senior executives.
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Risk as we don’t know it
Securities markets in January were a mixed bag. Of the indices that I follow, the Danish OMX Copenhagen 20 came out on top – again. It’s been one of the best places to be invested for quite some time now, with an accumulated three-year return of 81% in local currency. In comparison, the MSCI World Index reached less than 34%.
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Big deal
What drove markets in 2023? That’s an easy one: interest rates. Stock markets danced to the tune of changing interest rates, which in turn reflected shifting views on inflation and central bank rate moves or statements. The yield on US 10-year Treasury bonds in particular was centre stage for investors in a number of countries, due to the centrality of the US market.
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Stellar rating for Pareto Global through turbulent markets
Pareto Asset Management’s global equity fund, Pareto Global, now has five out of five stars from Morningstar for the last three years and four stars for the last five years.